269T read with section 271E could be imposed and the penalty was cancelled. In the case of OMEC Engineers Vs. CIT (294 ITR 599), the assessee was a firm carrying on contract business. The assessee received Rs.20,000/- or more in cash from 11 persons between. February 14, 1993, and November 10, 1993, amounting to Rs.5 lakhs. The return